ASX:CBR

Carbon Revolution Enters Into Structured Equity Facility For Up To US$110 Million With OIC

Retrieved on: 
Monday, September 25, 2023
Automotive, Automotive Manufacturing, General Automotive, EV, Electric Vehicles, Tires & Rubber, Manufacturing, Performance & Special Interest, SPAC, Senior, NHTSA, TRCA, National Highway Traffic Safety Administration, EVS, Transport, Jaguar Land Rover, NYSE, General Motors, Jordan, Pista, Corporate average fuel economy, Ferrari SF90 Stradale, Growth, Renault, OEM, Shelby Mustang, Sky (New Zealand), Business, Business analyst, Ford Motor Company, CAFE, Partnership, OIC, Alfa Romeo 8C Competizione, ASX, Dowsing, GT500, Catalent, Virtus Investment Partners, Security (finance), Renewable energy

Carbon Revolution Limited (“Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced that Carbon Revolution Public Company Limited, a public limited company incorporated in Ireland (“Carbon Revolution plc” or “MergeCo”) has entered into a Structured Equity Facility of up to US$110 million with two fund vehicles associated with Orion Infrastructure Capital (“OIC”), a leading infrastructure investment firm: OIC Structured Equity Fund I Range, LLC and OIC Structured Equity Fund I GPFA Range, LLC.

Key Points: 
  • Carbon Revolution Limited (“Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced that Carbon Revolution Public Company Limited, a public limited company incorporated in Ireland (“Carbon Revolution plc” or “MergeCo”) has entered into a Structured Equity Facility of up to US$110 million with two fund vehicles associated with Orion Infrastructure Capital (“OIC”), a leading infrastructure investment firm: OIC Structured Equity Fund I Range, LLC and OIC Structured Equity Fund I GPFA Range, LLC.
  • The completion of this transaction will result in Carbon Revolution plc becoming the parent of Carbon Revolution and its subsidiaries and listing on an exchange in the United States.
  • The appointments become effective upon completion of the proposed combination with appointees serving on the Board of Directors of Carbon Revolution plc.
  • “OIC is excited to finalize our capital partnership with Carbon Revolution, which will support the Company’s growth plans and infrastructure expansion,” said Chris Leary, Investment Partner and Head of Infra Equity at OIC.

Carbon Revolution Strengthens Board With Appointment of Four U.S.-Based Senior Automotive Executives

Retrieved on: 
Monday, September 18, 2023
Other Manufacturing, Automotive, Technology, Automotive Manufacturing, General Automotive, Performance & Special Interest, Manufacturing, Other Technology, Carbon, Timken Company, General Cable, Superior Industries, Aptiv, Ford Motor Company, Tenneco, Business analyst, PAETEC Holding Corp., In re Caremark International Inc. Derivative Litigation, Motorola, Exide, Knowledge, OEM, Chrysler, Catalent, Lutz, NYSE, General Motors, Management, Finance

These appointees will serve on the Board of Directors of Carbon Revolution Public Company Limited (“Carbon Revolution plc”), the surviving company resulting from the Business Combination, upon completion thereof.

Key Points: 
  • These appointees will serve on the Board of Directors of Carbon Revolution Public Company Limited (“Carbon Revolution plc”), the surviving company resulting from the Business Combination, upon completion thereof.
  • "We are thrilled to welcome Bob Lutz, Burt Jordan, Jacqui Dedo and Matti Masanovich to the Board” said Carbon Revolution Board Chair James Douglas.
  • “They have all held senior leadership and executive roles across the U.S. automotive industry.
  • With significant board and executive experience in the automotive industry, Bob Lutz's expertise will be invaluable to Carbon Revolution plc’s board.

Carbon Revolution Announces Completion of SEC Review and Scheduling of Twin Ridge Shareholder Meeting

Retrieved on: 
Thursday, September 14, 2023
Other Manufacturing, Environment, Alternative Vehicles, Fuels, Vehicle Technology, Automotive, General Automotive, Automotive Manufacturing, Sustainability, Manufacturing, Green Technology, Carbon, Australian Securities & Investments Commission, Registration statement, Investment, Sky (New Zealand), Tier 1, Business, Federal court, ASX, TRCA, Business analyst, Register, Federal Court of Australia, Scheme, Form, OEM, NYSE, Security (finance)

As previously announced, the merger of the Company and Twin Ridge Capital Acquisition Corp. ("Twin Ridge") (NYSE: TRCA) will be effected by way of MergeCo acquiring the Company (via a scheme of arrangement ("Scheme")) and Twin Ridge (via a merger ("Business Combination")) (collectively, the "Transaction").

Key Points: 
  • As previously announced, the merger of the Company and Twin Ridge Capital Acquisition Corp. ("Twin Ridge") (NYSE: TRCA) will be effected by way of MergeCo acquiring the Company (via a scheme of arrangement ("Scheme")) and Twin Ridge (via a merger ("Business Combination")) (collectively, the "Transaction").
  • The declaration of effectiveness of the Registration Statement, following the completion of the SEC's review of the Registration Statement, permits Twin Ridge to schedule a meeting of its shareholders to approve the Business Combination.
  • On September 8, 2023, MergeCo filed with the SEC, and Twin Ridge commenced mailing to its shareholders, the final proxy statement/prospectus contained in the Registration Statement for consideration by Twin Ridge shareholders in approving the Business Combination and related matters at a meeting proposed to be held on September 26, 2023 (New York time) (the "Twin Ridge Shareholder Meeting").
  • Redemption requests by TRCA public shareholders must be made two business days prior to the Twin Ridge Shareholder Meeting but may be withdrawn prior to the meeting.

Jake Dingle, CEO of Carbon Revolution, to Participate in IPO Edge Fireside Chat

Retrieved on: 
Monday, July 24, 2023
Automotive Manufacturing, Manufacturing, Other Manufacturing, General Automotive, Automotive, Carbon, EVS, Innovation system, IPO, OEM, Q&A, NYSE, Renewable energy

Carbon Revolution Limited (“Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, today announced that CEO Jake Dingle will participate in a fireside chat hosted by IPO Edge and the Palm Beach Hedge Fund Association .

Key Points: 
  • Carbon Revolution Limited (“Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, today announced that CEO Jake Dingle will participate in a fireside chat hosted by IPO Edge and the Palm Beach Hedge Fund Association .
  • The Company announced in Nov 2022 that it had entered into a definitive business combination agreement with Twin Ridge Capital Acquisition Corp. (“Twin Ridge” or “TRCA”) (NYSE: TRCA).
  • The event will be moderated by IPO Edge Editor-in-Chief John Jannarone and Editor-at-Large Jarrett Banks in a video session lasting approximately 60 minutes including a Q&A with the audience.
  • The Company’s strong IP moat with unique and protected technology and how Carbon Revolution is years ahead of the competition.

Carbon Revolution Carbon Fiber Wheel Backlog More Than Doubles to $680 Million since Oct 2022

Retrieved on: 
Thursday, June 8, 2023
Environment, Alternative Vehicles, Fuels, Automotive, Vehicle Technology, Automotive Manufacturing, Manufacturing, Sustainability, Tires & Rubber, Green Technology, Carbon, Heart, Ferrari, Shelby Mustang, Partnership, EV, Noise, Alfa Romeo 8C Competizione, NHTSA, Original equipment manufacturer, National Highway Traffic Safety Administration, Multimedia, General Motors, Range Rover, Ford Motor Company, Dowsing, EVS, Pista, Mega, Corporate average fuel economy, GT500, SUV, Engineering, Ferrari SF90 Stradale, OEM, CAFE, News, NYSE, Renault, JLR, Renewable energy, Rail transport

Carbon Revolution Limited (“Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, today announced that its backlog1 has more than doubled to $680 million since October 2022 due primarily to new programs.

Key Points: 
  • Carbon Revolution Limited (“Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, today announced that its backlog1 has more than doubled to $680 million since October 2022 due primarily to new programs.
  • View the full release here: https://www.businesswire.com/news/home/20230608005504/en/
    Carbon Revolution's ultra-lightweight 23-inch carbon fiber wheels on the Range Rover Sport SV weigh an average of 41% less than conventional 23-inch cast-alloy wheels, resulting in improvements to outright performance, handling and ride quality.
  • “We are firing on all cylinders,” said Carbon Revolution CEO Jake Dingle.
  • This month, Carbon Revolution announced that it will supply the carbon fiber wheels that are featured on the 2024 Range Rover Sport SV, revealed on May 31 by JLR, the first SUV to feature Carbon Revolution’s carbon fiber wheels.

Carbon Revolution to Supply its 23-inch Carbon Fiber Wheels for 2024 Range Rover Sport SV

Retrieved on: 
Monday, June 5, 2023
Vehicle Technology, Automotive, Automotive Manufacturing, General Automotive, Tires & Rubber, Manufacturing, Off-Road Trucks & SUVs, Noise, Vibration, ASX, Multimedia, Range Rover, SUV, Range Rover Evoque, OEM, NYSE, NVH, JLR, 3D printing

Carbon Revolution Limited (“Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels is pleased to announce that it will supply the carbon fiber wheels that are featured on the 2024 Range Rover Sport SV, revealed on May 31 by Jaguar Land Rover Automotive Plc (“JLR”).

Key Points: 
  • Carbon Revolution Limited (“Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels is pleased to announce that it will supply the carbon fiber wheels that are featured on the 2024 Range Rover Sport SV, revealed on May 31 by Jaguar Land Rover Automotive Plc (“JLR”).
  • View the full release here: https://www.businesswire.com/news/home/20230605005317/en/
    Carbon Revolution's ultra-lightweight 23-inch carbon fiber wheels on the Range Rover Sport SV weigh an average of 41% less than conventional 23-inch cast-alloy wheels, resulting in improvements to outright performance, handling and ride quality.
  • (Photo: Business Wire)
    This is Carbon Revolution’s first launch of a SUV carbon fiber wheel program, highlighting an expansion of the Company’s lightweight wheel technology into the strategically important SUV segment.
  • The Range Rover Sport SV can be specified with world-first ultra-lightweight 23-inch Carbon Fiber Wheels.

Carbon Revolution Secures US$60 Million Loan

Retrieved on: 
Wednesday, May 24, 2023
Automotive Manufacturing, Aftermarket, Automotive, Manufacturing, Travel, Other Transport, Transport, General Automotive, Tires & Rubber, Performance & Special Interest, Other Travel, Carbon, SPAC, Intellectual property, Shelby Mustang, EV, Funding, Sky (New Zealand), Alfa Romeo 8C Competizione, NHTSA, National Highway Traffic Safety Administration, TRCA, ASX, General Motors, Ford Motor Company, IP, Dowsing, EVS, Pista, Corporate average fuel economy, GT500, Engineering, Ferrari SF90 Stradale, OEM, CAFE, NYSE, Automation, Renewable energy

Carbon Revolution Limited (“CBR”, “Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced the establishment of a US$60 million debt financing arranged and insured by PIUS Limited LLC, a Gallagher company, and its affiliates (the “Financing”).

Key Points: 
  • Carbon Revolution Limited (“CBR”, “Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced the establishment of a US$60 million debt financing arranged and insured by PIUS Limited LLC, a Gallagher company, and its affiliates (the “Financing”).
  • Carbon Revolution is focused on further expanding its footprint in the rapidly growing market for electric vehicles (EVs).
  • As the global automotive industry shifts to electric power, Carbon Revolution is well positioned to capture OEM demand for weight-saving efficiency technologies.
  • “In the escalating race to achieve supreme efficiency in automotive vehicles, Carbon Revolution has designed and manufactured some of the most technologically advanced carbon fiber composite wheels, with an extensive IP portfolio spanning multiple jurisdictions,” said PIUS CEO, Joe Agiato.

Carbon Revolution Posts Replay of Evercore ISI Fireside Chat

Retrieved on: 
Monday, March 20, 2023
Aftermarket, Automotive, Automotive Manufacturing, General Automotive, Tires & Rubber, Manufacturing, Performance & Special Interest, Evercore, OEM, TRCA, ASX, Acquisition, Multimedia, NYSE

Carbon Revolution Limited (“CBR”, “Carbon Revolution” or the “Company”) (ASX: CBR), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, and Twin Ridge Capital Acquisition Corp. (“Twin Ridge” or “TRCA”) (NYSE: TRCA), a publicly traded special purpose acquisition company, announced today that a replay of the Company’s recent fireside chat with Evercore ISI has been posted here , which provides management’s insight into the Company’s technology, growth opportunity and strategy.

Key Points: 
  • Carbon Revolution Limited (“CBR”, “Carbon Revolution” or the “Company”) (ASX: CBR), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, and Twin Ridge Capital Acquisition Corp. (“Twin Ridge” or “TRCA”) (NYSE: TRCA), a publicly traded special purpose acquisition company, announced today that a replay of the Company’s recent fireside chat with Evercore ISI has been posted here , which provides management’s insight into the Company’s technology, growth opportunity and strategy.
  • View the full release here: https://www.businesswire.com/news/home/20230320005293/en/
    Carbon Revolution and TRCA recently announced that they have entered into a definitive agreement for a business combination agreement (“BCA”) and accompanying scheme implementation deed (“SID”) that is expected to result in Carbon Revolution becoming publicly listed in the U.S.
  • Completion of the transaction is subject to customary closing conditions, including the approval of TRCA shareholders and Carbon Revolution shareholders.
  • The transaction is expected to be completed in the first half of 2023.

Carbon Revolution Wheels Featured on 2024 Corvette E-Ray

Retrieved on: 
Wednesday, January 18, 2023
Vehicle Technology, Aftermarket, Automotive, Automotive Manufacturing, General Automotive, Manufacturing, Performance & Special Interest, Chevrolet Corvette (C8), Dingle, Chevrolet, General Motors, NYSE, OEM, ASX, The Matrix Revolutions: Limited Edition, Corvette, V8, Roy E. Ray Airport, Sale, Multimedia, TRCA

Carbon Revolution Limited (“CBR”, “Carbon Revolution” or the “Company”) (ASX: CBR), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced today that Carbon Revolution carbon fiber wheels will be available on the 2024 Chevrolet Corvette E-Ray, the second C8 Corvette model to feature the company’s lightweight wheel technology.

Key Points: 
  • Carbon Revolution Limited (“CBR”, “Carbon Revolution” or the “Company”) (ASX: CBR), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced today that Carbon Revolution carbon fiber wheels will be available on the 2024 Chevrolet Corvette E-Ray, the second C8 Corvette model to feature the company’s lightweight wheel technology.
  • View the full release here: https://www.businesswire.com/news/home/20230118005615/en/
    General Motors’ 2024 Chevrolet Corvette E-Ray features five-spoke Carbon Revolution carbon fiber wheels.
  • Five-spoke Carbon Revolution carbon fiber wheels, manufactured at the company’s Waurn Ponds facility, will be available as an option on the 2024 Corvette C8 E-Ray.
  • Carbon Revolution already supplies carbon fiber wheels for the Corvette C8 Z06 , which started production in mid-2022.

Carbon Revolution, a Leading Global Manufacturer of Carbon Fiber Wheels to the Automotive Industry, and Twin Ridge Capital Acquisition Corp. Release Investor Webcast

Retrieved on: 
Friday, December 16, 2022
Automotive Manufacturing, Manufacturing, Acquisition, Registration statement, TRCA, Annual report, Sub, Register, NYSE, Communication, Person, Failure, ASX, Form, Sky (New Zealand), Ix, The Matrix Revolutions: Limited Edition, Vii, PARTIES, Sale, Webcast, Probability, Suite, Prospectus, OEM, Form 10-K, Name, Business architecture, Sumathi Best Television Current Reporting Award, Risk, Xi, CBR, COVID-19, 3D printing, Security (finance), Risk management

Completion of the transaction is subject to customary closing conditions, including the approval of the TRCA shareholders and the Carbon Revolution shareholders.

Key Points: 
  • Completion of the transaction is subject to customary closing conditions, including the approval of the TRCA shareholders and the Carbon Revolution shareholders.
  • Approved for release by the CEO of Carbon Revolution Limited,
    Carbon Revolution is an Australian technology company, which has successfully innovated, commercialized and industrialized the advanced manufacture of carbon fiber wheels for the global automotive industry.
  • Carbon Revolution is creating a significant and sustainable advanced technology business that supplies its lightweight wheel technology to automotive manufacturers around the globe.
  • About Twin Ridge Capital Acquisition Corp.
    Twin Ridge Capital Acquisition Corp. (NYSE: TRCA) is a special purpose acquisition company sponsored by Twin Ridge Capital Sponsor, LLC.